{
 "ticker": "XBI",
 "name": "State Street SPDR S&P Biotech ETF",
 "issuer": "State Street",
 "desk": "themes",
 "url": "https://etfiq.com/funds/xbi",
 "html": "https://etfiq.com/funds/xbi",
 "markdown": "https://etfiq.com/funds/xbi.md",
 "as_of": "2026-10-28",
 "verdict": "Over the year to Oct 28, 2026, XBI returned 41.2%.",
 "promise": {
  "badge": null,
  "label": "Not measured",
  "category": "themes",
  "sentence": "its theme exposure is measured once ETFIQ defines its theme company by company",
  "figure": null,
  "unit": null,
  "from": null,
  "to": null,
  "url": "https://etfiq.com/promise-index/"
 },
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "13.2%",
   "source": "the issuer\u2019s daily holdings file",
   "as_of": "2026-10-27",
   "sentence": "XBI, already in the S&P 500: 13.2%, as of Oct 27, 2026.",
   "cite": {
    "value": "13.2%",
    "as_of": "2026-10-27",
    "source": "the issuer\u2019s daily holdings file",
    "url": "https://etfiq.com/funds/xbi#fact-already-in-the-s-p-500",
    "text": "XBI, already in the S&P 500: 13.2%, as of Oct 27, 2026."
   }
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "98.4%",
   "source": "ETFIQ",
   "as_of": "2026-10-27",
   "sentence": "XBI, active share vs the S&P 500: 98.4%, as of Oct 27, 2026.",
   "cite": {
    "value": "98.4%",
    "as_of": "2026-10-27",
    "source": "ETFIQ",
    "url": "https://etfiq.com/funds/xbi#fact-active-share-vs-the-s-p-500",
    "text": "XBI, active share vs the S&P 500: 98.4%, as of Oct 27, 2026."
   }
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "17.8%",
   "source": "the issuer\u2019s daily holdings file",
   "as_of": "2026-10-27",
   "sentence": "XBI, top ten holdings: 17.8%, as of Oct 27, 2026.",
   "cite": {
    "value": "17.8%",
    "as_of": "2026-10-27",
    "source": "the issuer\u2019s daily holdings file",
    "url": "https://etfiq.com/funds/xbi#fact-top-ten-holdings",
    "text": "XBI, top ten holdings: 17.8%, as of Oct 27, 2026."
   }
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+41.2%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-28",
   "sentence": "XBI, total return, 1 year: +41.2%, as of Oct 28, 2026.",
   "cite": {
    "value": "+41.2%",
    "as_of": "2026-10-28",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/xbi#fact-total-return-1-year",
    "text": "XBI, total return, 1 year: +41.2%, as of Oct 28, 2026."
   }
  },
  {
   "key": "12_month_yield_capital_gains_included_on_its_starting_price",
   "label": "12-month yield, capital gains included, on its starting price",
   "value": "0.5%",
   "source": "computed by ETFIQ from Tiingo daily prices and distributions",
   "as_of": "2026-10-28",
   "sentence": "XBI, 12-month yield, capital gains included, on its starting price: 0.5%, as of Oct 28, 2026.",
   "cite": {
    "value": "0.5%",
    "as_of": "2026-10-28",
    "source": "computed by ETFIQ from Tiingo daily prices and distributions",
    "url": "https://etfiq.com/funds/xbi#fact-12-month-yield-capital-gains-included-on-its-starting-price",
    "text": "XBI, 12-month yield, capital gains included, on its starting price: 0.5%, as of Oct 28, 2026."
   }
  },
  {
   "key": "last_payment",
   "label": "Last payment (paid quarterly), ex-date Jun 22, 2026",
   "value": "$0.1381",
   "source": "Tiingo end-of-day distributions",
   "as_of": "2026-06-22",
   "sentence": "XBI, last payment (paid quarterly), ex-date Jun 22, 2026: $0.1381, as of Jun 22, 2026.",
   "cite": {
    "value": "$0.1381",
    "as_of": "2026-06-22",
    "source": "Tiingo end-of-day distributions",
    "url": "https://etfiq.com/funds/xbi#fact-last-payment",
    "text": "XBI, last payment (paid quarterly), ex-date Jun 22, 2026: $0.1381, as of Jun 22, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$10.3bn",
   "source": "the issuer\u2019s own daily fund list, as of Oct 27, 2026",
   "as_of": "2026-10-27",
   "sentence": "XBI, net assets: $10.3bn (the issuer\u2019s own daily fund list, as of Oct 27, 2026).",
   "cite": {
    "value": "$10.3bn",
    "as_of": "2026-10-27",
    "source": "the issuer\u2019s own daily fund list, as of Oct 27, 2026",
    "url": "https://etfiq.com/funds/xbi#fact-net-assets",
    "text": "XBI, net assets: $10.3bn (the issuer\u2019s own daily fund list, as of Oct 27, 2026)."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.35%",
   "source": "485BPOS XBRL, Oct 24, 2025",
   "as_of": "2025-10-24",
   "sentence": "XBI, expense ratio: 0.35% (485BPOS XBRL, Oct 24, 2025).",
   "cite": {
    "value": "0.35%",
    "as_of": "2025-10-24",
    "source": "485BPOS XBRL, Oct 24, 2025",
    "url": "https://etfiq.com/funds/xbi#fact-expense-ratio",
    "text": "XBI, expense ratio: 0.35% (485BPOS XBRL, Oct 24, 2025)."
   }
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Biotech",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Feb 6, 2006",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "13.2%",
   "source": "ETFIQ"
  },
  {
   "key": "outside_the_s_p_500_by_weight",
   "label": "Outside the S&P 500, by weight",
   "value": "87%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "98.4%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "8.6%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "97.4%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "17.8%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "165",
   "source": null
  },
  {
   "key": "holdings_published_for",
   "label": "Holdings published for",
   "value": "Oct 27, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "holdings_as_of_the_close_of",
   "label": "Holdings as of the close of",
   "value": "Oct 27, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "MODERNA INC 2.2%, TWIST BIOSCIENCE CORP 1.9%, NATERA INC 1.8%, BIOGEN INC 1.8%, HALOZYME THERAPEUTICS INC 1.8%, UNITED THERAPEUTICS CORP 1.7%, AMGEN INC 1.7%, ABBVIE INC 1.7%, SPYRE THERAPEUTICS INC 1.7%, EXELIXIS INC 1.6%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$10.3bn",
   "source": "the issuer\u2019s own daily fund list, as of Oct 27, 2026"
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Its own holdings, as of Oct 27, 2026; its shareholder report compares it with the S&P 500 Index, but its daily returns fit IVV's at R-squared 0.22 over the year to Oct 28, 2026 (251 days), under the 0.35 it needs to return to it",
   "source": "ETFIQ, from its filings"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u22128.9%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.35%",
   "source": "485BPOS XBRL, Oct 24, 2025"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.36%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "BBP 46%, IBBQ 43%, IBB 43%, WDNA 36%, BBC 31%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "+0.6%",
   "S&P 500 (SPY)": "+0.9%"
  },
  {
   "window": "3 months",
   "Total return": "+6.5%",
   "S&P 500 (SPY)": "+6.1%"
  },
  {
   "window": "6 months",
   "Total return": "+22.3%",
   "S&P 500 (SPY)": "+9.1%"
  },
  {
   "window": "Year to date",
   "Total return": "+29.3%",
   "S&P 500 (SPY)": "+14.1%"
  },
  {
   "window": "1 year",
   "Total return": "+41.2%",
   "S&P 500 (SPY)": "+13.6%"
  },
  {
   "window": "3 years",
   "Total return": "+147.2%",
   "S&P 500 (SPY)": "+95.0%"
  },
  {
   "window": "5 years",
   "Total return": "+27.0%",
   "S&P 500 (SPY)": "+79.8%"
  },
  {
   "window": "10 years",
   "Total return": "+181.0%",
   "S&P 500 (SPY)": "+325.8%"
  },
  {
   "window": "Since launch",
   "Total return": "+914.8%",
   "S&P 500 (SPY)": "+791.2%"
  },
  {
   "window": "Since launch, annualised",
   "Total return": "+11.8%",
   "S&P 500 (SPY)": "\u2013"
  }
 ],
 "questions": [
  {
   "q": "How much of XBI is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Oct 27, 2026, 13% of XBI by weight is stocks the S&P 500 already holds. Its active share against the index is 98%, so that share is the part doing something different."
  },
  {
   "q": "What does XBI hold?",
   "a": "165 positions as published by its issuer for Oct 27, 2026, with the top ten at 18% of the fund. The largest are MODERNA INC at 2.2%, TWIST BIOSCIENCE CORP at 1.9%, NATERA INC at 1.8%."
  },
  {
   "q": "Has XBI beaten the S&P 500?",
   "a": "Over the year to Oct 28, 2026 XBI returned +41.2% with distributions reinvested, against +13.6% for the S&P 500, so it finished ahead of the index by 27.6 points."
  },
  {
   "q": "What does XBI cost?",
   "a": "The prospectus expense ratio is 0.35% a year. Because 98% of the fund differs from the S&P 500, the fee on that differing part works out at 0.36%."
  }
 ],
 "key_stats": [
  {
   "key": "high52",
   "label": "52-week high, daily closes to Oct 28, 2026",
   "value": "$169.55 on Aug 19, 2026",
   "as_of": "2026-08-19",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 169.55,
   "window": {
    "from": "2025-10-29",
    "to": "2026-10-28"
   }
  },
  {
   "key": "low52",
   "label": "52-week low, daily closes to Oct 28, 2026",
   "value": "$108.04 on Nov 4, 2025",
   "as_of": "2025-11-04",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 108.04,
   "window": {
    "from": "2025-10-29",
    "to": "2026-10-28"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Oct 28, 2026, within that range",
   "value": "$157.51, 80% of the way from the low to the high",
   "as_of": "2026-10-28",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 157.51
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "165",
   "as_of": "2026-10-28",
   "source": null
  },
  {
   "key": "top10",
   "label": "Top ten holdings weight",
   "value": "17.8%",
   "as_of": "2026-10-28",
   "source": null
  }
 ],
 "trading": {
  "as_of": "2026-10-27",
  "score": null,
  "tier": null,
  "status": "not-scored",
  "lines": [
   "Not scored.",
   "Premium to NAV at the Oct 27 close: +0.04%; 95% of days within \u00b10.06%."
  ],
  "page": "https://etfiq.com/funds/xbi/trading/"
 },
 "flows": {
  "as_of": "2026-10-22",
  "coverage": "daily",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/xbi.json",
  "windows": [
   {
    "window": "1 week",
    "from": "2026-10-21",
    "to": "2026-10-22",
    "net_flow_usd": 233703314,
    "net_flow": "+$234m",
    "round_trip_usd": 0,
    "days_counted": 2,
    "trading_days": 2
   },
   {
    "window": "1 month",
    "from": "2026-09-28",
    "to": "2026-10-22",
    "net_flow_usd": 576246525,
    "net_flow": "+$576m",
    "round_trip_usd": 0,
    "days_counted": 19,
    "trading_days": 19
   },
   {
    "window": "3 months",
    "from": "2026-07-28",
    "to": "2026-10-22",
    "net_flow_usd": 622521406,
    "net_flow": "+$623m",
    "round_trip_usd": 0,
    "days_counted": 62,
    "trading_days": 62
   },
   {
    "window": "Year to date",
    "from": "2026-01-02",
    "to": "2026-10-22",
    "net_flow_usd": 894123377,
    "net_flow": "+$894m",
    "round_trip_usd": 0,
    "days_counted": 203,
    "trading_days": 203
   },
   {
    "window": "1 year",
    "from": "2025-10-28",
    "to": "2026-10-22",
    "net_flow_usd": 1395157040,
    "net_flow": "+$1.4bn",
    "round_trip_usd": -73091557,
    "days_counted": 248,
    "trading_days": 248
   }
  ]
 },
 "generated": "2026-10-29",
 "license": "https://etfiq.com/license/",
 "license_text": "Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, XBI, thematic ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/xbi"
}